Dividends

Basic Policy on the Distribution of Earnings and Cash Dividends

Lion considers returning profits to shareholders on an ongoing and stable basis by increasing its consolidated earnings capacity as one of its most important management issues. To this end, the Company strives to ensure the payment of continuous and stable cash dividends, aiming for a consolidated payout ratio of around 30%, and bases the acquisition of treasury stock on comprehensive reviews of the appropriate levels of internal reserves required to secure medium- and long-term growth. Lion allocates internal reserves to research and development, capital investment in production facilities and the acquisition of external resources, aiming to reinforce the Company's growth potential and to develop a sustainable business foundation.